Sold as a going concern, the landmark hotel was originally developed by the Vermeulen family and has been run by them for over four decades.
Pula Investments Limited is the investment vehicle of Stephen and Margaret Lansdown.
“We were very pleased to work with Stephen and Maggie’s team at Pula Investments to acquire the flagship hotel, self-catering, timeshare and golf resort. We are very much looking forward to seeing how Stephen will continue and also develop this iconic west coast business,” explained Jason Green.
Sean Cheong said: “This was an important deal for the local hospitality market and also for the Vermeulen family that has invested a lifetime in the business. We were delighted to be able to assist the family in the sale. It was particularly satisfying to get this over the line in time to herald the start of the new year and new beginnings.”
The sale was finalised within a tight timeframe on 31 December 2018.